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20130113
20130121
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CSPAN2 9
CSPAN 7
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CNBC 2
KPIX (CBS) 1
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English 27
Search Results 0 to 26 of about 27 (some duplicates have been removed)
CSPAN
Jan 15, 2013 1:00am EST
and broadening opportunity for the middle class is shrinking our deficits in a balanced and responsible way. and for nearly two years now, i've been fighting for such a plan -- one that would reduce our deficits by $4 trillion over the next decade, which would stabilize our debt and our deficit in a sustainable way for the next decade. that would be enough not only to stop the growth of our debt relative to the size of our economy, but it would make it manageable so it doesn't crowd out the investments we need to make in people and education and job training and science and medical research -- all the things that help us grow. now, step by step, we've made progress towards that goal. over the past two years, i've signed into law about $1.4 trillion in spending cuts. two weeks ago, i signed into law more than $600 billion in new revenue by making sure the wealthiest americans begin to pay their fair share. when you add the money that we'll save in interest payments on the debt, all together that adds up to a total of about $2.5 trillion in deficit reduction over the past two years -- not cou
CSPAN
Jan 14, 2013 12:00pm EST
before, and have bid have a conversation on how we reduce our deficits further in a sensible way. -- i would have a conversation about how to reduce our deficits in a sensible way. we can talk about how we can make sure we finance our workers getting properly trained and are schools getting the education they deserve. there is a whole growth agenda that is important does well. -- as well. what you have not seen as the notion that has been presented so far by the republicans that deficit reduction will only cover spending cuts, that we will raise the debt ceiling dollar for dollar on spending cuts. there are a whole set of rules that have been established that are impossible to meet without doing severe damage to the economy. we're not going to put ourselves in a position where, in order to pay for the spending we have already incurred, where the two options are we were way to either profoundly hurt the economy, hurt seniors, hurt kids trying to go to college or we will blow up the economy. we will not do that. not whatever congress does. they will have to send me something that is sens
CSPAN
Jan 15, 2013 8:00pm EST
to the president about past conflicts over the deficit reduction. mark and i were talking about how far back we go. it is a few years. and i remembered him of the earlier sessions that we had. gramm-rudman one and two and gran member holland. i've googled it for all of them. and i was thinking there have been two major changes. number one is the dataset that is clearly much greater. the deficit is much greater. when i think of the ways and means committee, would change their has been in the composition. the ranking member at a time when i started went to the world bank. i worked with bill on trade. he was handling the tax material mainly. and bill was working on health care at the time. i think a second major change is very much effective today and affects us today. it is this change in composition of the republican party. i think it has moved very much more to the right. i think that makes it very difficult to handle the problems that we have before us. let me comment briefly on where we are. you offer the president yesterday. we have had spending cuts of a trillion and a half dollars. it comes f
CSPAN
Jan 14, 2013 8:00pm EST
of savings from spending on health care and revenues from closing loopholes, we consult the deficit issue without sacrificing our investments in things like education that are going to help us grow. it turns out the american people agree with me. they listened to an entire year's debate over this issue, and they made a clear decision about the approach they prefer. they do not think it is fair to ask a senior to pay more for his or her health care or a scientist to shut down like that saving research so that a multi millionaire investor can take less in tax rates then a second trip -- and a secretary. they do not think it is smart to protect and as corporate loopholes and tax breaks for the wealthiest americans rather than rebuild roads and schools or help manufacturers bring jobs back to america. they want us to get our books in order in a balanced way where everyone pulls their weight, everyone does their part. that is what i want as well. that is what i have proposed. we can get it done, but we're going to have to make sure people are looking at this irresponsible way, rather than just
CSPAN
Jan 15, 2013 5:00pm EST
if it is called, then it has to face the economic tasked with value facing 20% and a huge fiscal deficit thanks to the patronage of the last year than you are going to start to see a lot of the chickens come home to roost and see it break apart. this is very similar after -- basically he was forced to engage in a austerity package around 1952 until 55 and that is what basically got him kicked out. and then of course after 1944 he died and you begin to see that internal battle, then you begin to see diffraction happening but not until -- >> that is a perfect segue because i want to bring it back to russell for the question. we talked about politics and about constitution, institutions. we talked about the economy although we've alluded to this aspect to it let me ask you to take off your journalist hat and put on your markets have and ask a simple question is venezuela going to buy, sell or hold? >> i think what we are going to see in the short term is a great deal of turmoil to reverse of markets -- capital flees some certainty. so, right now you have on uncertainty because nobody knows what's
CNBC
Jan 14, 2013 1:00pm EST
vendcated his approach to deficit reduction in the recently passed election. he said he was willing to negotiate over ways to cut the deficit in the future but he accused house republicans of playing a hostage game with debt limit in the debt ceiling very soon and said he will not participate. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the kru united states of america is not a bargaining chip and they better choose quickly because time is running short. >> john boehner put o out a statement right after the news conference trying to stay out of box the president put them in. he said, the house will doity job and pass responsible legislation that droenls spending, meets our nation's obligations and keeps the government running. the question will be, can he move his caucus in a place to where he is reach an agreement with the president that raises the debt limit without violating the president's pledge. he says he will only go for a balanced
CSPAN
Jan 15, 2013 7:00am EST
in nearly the past three years, and the whole fiasco added to the deficit. host: after the news conference yesterday, house speaker john boehner responded with this statement -- " what are your thoughts on this? if the debt ceiling negotiable. some quick comments -- remember, you can post your comments on twitter. the first phone call is from maryland, a democratic caller, jill. caller: i don't believe the debt ceiling is negotiable. it is kind of ridiculous that the money is already owed, so why are we not going to pay what is owed to other people? if people have made investments, the bills have to be paid. i find it ridiculous that people in congress don't want to pay what is already owed. it does not make sense. host: here is the wall street journal this morning. caller: well, if you're asking me if that's true, i think there definitely needs to be somewhat of a compromise as far as spending cuts, but that is not an easy issue, because spending cuts mean job losses. it's not an easy thing to say a president will say we will stop paying the bills too. so there has to be compromised rehab
CSPAN
Jan 13, 2013 11:15am EST
in that regard, and they haven't experience environmental problems. and with new york's budget deficit, it seems obvious that hydrofracking is the way to go. and, of course, governor cuomo is free to set whatever regulations he wants about that to ensure the safety of quality and other things that residents are concerned about. i would say that the project should proceed. it's brought benefit to other states. there's no reason that new york should be left behind. >> okay. right in front. wait for the mic a fun. >> you get very good examples of unsuccessful creations of new green jobs. had also looked at elimination of existing jobs like really good cost-benefit analysis done for regulations? >> the cost-benefit analysis for mercury was a travesty. if you look at the cost-benefit analysis carefully, all the benefits from reducing mercury came from getting rid of particulates and particulates were not the focus of that particular regulation. and what was interesting is the benefits focus on additional days of school. in other words, a few days of schools miss, two days of work missed because of lo
FOX Business
Jan 17, 2013 12:00am EST
and deficit reduction plan. the debt ceiling and all around it doesn't really solve the problem. it is a waste of time. adam: let me interrupt you because we have had this debt ceiling essentially part of our discussion for almost 100 years, going back to 1917 with the issue of liberty bonds. now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to this craziness we see the market reacting in a way you can't anticipate. what would happen to our 401(k) if congress he said they have to get together, i was thinking two words, "good luck." whether they can't do something? >> if they don't raise the debt ceiling and let's say we get debt downgrades, the market has a fit basically and drops as they did in 2011, all our investments will get hit. the stock market will go down as it did in a big way in the summer of 2011. on the other hand, if they extend the limits, the debt ceiling limit and do something more, maybe not a grand compromise, something more in terms of deficit reduction, my guess is the market will kind of shrug
CSPAN
Jan 14, 2013 8:30pm EST
the deficit. so you have to open the door to private investment to do this job of rebuilding the power platform in the united states. >> host: and the technology aspect of that is? >> guest: technology aspect is manifold. and price performance improves every 18-24 mocks. in the last year we have gotten into the innovation cycle in batteries so by the end of 2020 electric vehicles will actually be price competitive with grass-driven cars. the problem with these things is that we can't wait. we can't wait because of the environmental effects and we can't wait because we need the economy to grow quickly right now. so the book lays out a whole bunch of different ideas for bringing private investment much more quickly into the job of rebuilding the power grid. >> host: on this show, a series on the international power plant, and he doesn't necessarily agree that the internet is completely green or is terribly green. what is your thought? >> guest: he is right about that. people say that data centers in the united states account for 2% of all electricity consumption. if it isn't exactly that
FOX Business
Jan 14, 2013 1:00pm EST
, they are about half way there in deficit reduction, and that modest changes to health care, entitlement spending could accompany the closing the tax loopholes. a marker on a future negotiation. house speaker bane says in response that the house does it job and passes responsible legislation that controls spending, meets our nation's obligations, and keeps the government running. we will insist that the democratic majority in washington do the same. republicans on thursday will have their annual conference retreat in williamsburg, virginia to discuss their debt ceiling strategy moving forward. back to you. >> and speaking of responsible bookkeeping as the president was, you're just getting word the president's budget won't be delivered by the february 4th deadline; is that right? >> yes. a spokesman for the house budget committee confirms the white house communicated to them they will not get their budget to the white house on time. this is a deadline they met in the past, although, it's not like the white house will not come out with their budget. releasing the budget. thanks so much. >> from wa
CSPAN
Jan 16, 2013 5:00pm EST
of all, we've had some deficit reduction. the president laid out a couple days ago. we had over $2 # trillion. we had a trillion and a half that came from previous actions, and then we added just a few days ago some further deficit reduction through increased taxes on the very wealthy of this country. we already begun to undertake deficit reduction. to use that as a reason to use the debt ceiling as a weapon is really playing with fire. they say pay some bills and not pay others. we've never tried that before. >> host: is it feasible? >> guest: i don't think so. which bills? social security? veterans? people out fighting for this country? which bills do you pay? we never tried that. i think the president put it so well. this is not a debt beat nation, really, and i think common sense is likely to prevail within the republican ranks. i know, if i might say so, if not firsthand, second hand, that the leadership within the house republican caucus, not all of it, i think some of it realizes that the potential consequences. >> host: if president obama won, so to speak on the fiscal clif
Current
Jan 17, 2013 6:00am PST
, is look it would add to the deficit whether you were north of south, it doesn't matter. we have only paid for a small amount in terms of offsets for any of these storms. from 2003 to now, in 2003 we had a rule under different circumstances, we had to find some money or find the revenue to pay for it. >> stephanie: right. >> but this is an emergency. we are 80 days into this now. you know how many homes have been damaged and destroyed? i think it's like close to 350,000 homes. >> stephanie: yeah. >> the power outages in new jersey, two -- over 2.5 million no power. i mean i go down the whole list. >> stephanie: right. and it's winter back east encase encase -- in case people haven't noticed. it used to be we are just americans. but look at yesterday, look at yesterday, when there was a tragedy, we used to try to figure out how we come to the table. literally there are people accusing the president of being like saadam hussein, and using children as human shields. >> yeah, they will stop at nothing. we have more ideologues now in the congress than we had in the 112
FOX News
Jan 15, 2013 6:00am PST
a conversation about how to redust our deficit let's have that. we've been having that nor the last two years. we just had an entire campaign about it. by the way the american people agreed with me that we should reduce our deficits in a balanced way that takes into account the need for us to grow this economy. martha: bob beckel is former democratic campaign manager and cohost of the five. mary katherine ham is editor at large and fox news contributor. why do you think it was so testy yesterday? >> obama's best form is not necessarily a press conference which is why he does than do many of them. i which he was testy for one real reason. the republicans trying to take the full faith and crucify the united states currency and putting it at fist being. i'd invoke the 14th amendment, we'd problem below know that if we spent more time with the republicans wasting time on the floor of the house. i thought he ought to raise it and to hell with congress. martha: we talked to stewart varney and kirsten said in that sound byte, this isn't about default, people don't think we aren't going to pay the debt o
CBS
Jan 15, 2013 7:00am PST
to quit spending money and try to cut into this deficit. >> reporter: house republicans see the debt ceiling deadline next month as one of the best ways early in the president's second term to force him to accept a new round of spending cuts and may have it on an incremental basis, one, two o three months and using that process to achieve more deficit reduction. >> former speaker of the house and republican presidential candidate newt gingrich. good morning mr. speaker. >> it's good to be with you. >> good to be with you. you say fighting over the debt ceiling is a bad idea for congressional republicans. why? >> because in the end it's a threat they can't sustain. no one is going to default. no one is going to allow the united states to not pay its bills. no one is going to accept the economic costs. it rallies the entire business community to the president's side and the fact is republicans have two much bet ear renas to fight over spending they have a continuing resolution which funds government which comes up at the end of march and they have the sequester,
CSPAN
Jan 16, 2013 7:30am EST
-interest of the government of venezuela, if you've got a deficit, you know, stop giving oil away. stop subsidizing sales to people. that would be a lodge cl thing -- logical thing to do. and if you had a government that was not as idealogically motivated as the current government, if you had a chavista government not as idealogically motivated as the current government, that would be a real, logical thing for them to do. >> yeah. thank you for those comments. before i go to chris for the last question this round, i want to mention that after that we'll be going to the audience for some of your questions. we'll have circumstance rating microphones, so you can be thinking about the questions. hopefully, the certification to this point has been sufficiently provocative that you'll have a number of questions, and we can go into the procedure for doing that. but just to give you a heads up that that's coming shortly. chris, back to you for really a continuation of where charles left his comments. but i want to press it just a little bit further. you've talked about the democracy side. charles also mentioned
CSPAN
Jan 18, 2013 8:00pm EST
disproportionately locally driven. cities cannot run budget deficits, so what happens when you something like the great recession. cities all over the country having to scale back if they can't find the budget deficit. that's what you don't want to do this, local employment during an economic downturn. >> even the fiscal cliff to be right about now. >> this is a huge thing. justice program provides grants to law enforcement to hire more police. that program could easily be 20 or 30 times its billion dollars figure size. it would be one of the most productive things the federal government could do to make progress in this area. >> we agree 18 what the professor outlined in the latter part of what he said is to go after illegal gun market among law-abiding people. we're talking about felons on gun violence from the people engaged gun sales illegal under any interpretation of the law. and go after people with records carrying guns illegally. that's been done in cooperation with u.s. attorney in chicago. it's been reasonably good. they think the important thing is to find ways to go after crimina
CSPAN
Jan 18, 2013 11:00pm EST
states right now is very disproportionately chirping. cities cannot and budget deficits. what happens when you something like the great recession quite cities all over the country having to scale back because they can't run budget deficits. exactly which you don't want to do a scaled-back local employment during the economic downturn. this is a huge thing. the department of justice program provides grants to local law enforcement to hire more police. the program could easily be 20 or 30 times its billion dollars a year size. it would be one of the most productive things the federal government could do to make progress in this area. >> we agree. i think what the professor just outlined in the latter part of what he said is go after illegal gun markets. were talking about people balanced or selling guns to felons, people engaged in gun sales that are illegal under any interpretation of the law and go after criminal people with records who are carrying guns illegally. that's been done in cooperation in chicago. i think the important thing is to find ways to go after the criminals here. b
CSPAN
Jan 18, 2013 2:00pm EST
our debt to g.d.p., our deficit to g.d.p. down around 3%, which is the basis of all economists left, right and center all agree on the areas we can begin to grow as a country. and as my grandfather used to say with grace of god and goodwill of the neighbors, cooler heads will prevail now between now and the time we deal with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. but i didn't come here to talk about any of those important subjects today, because as important as they all are today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that score, i owe an incredible debt of gratitude to you at the head table and those of you in the room. unanimitydon't have in this ballroom nor do we in any ballroom, but we all acknowledge that we have to do something. we have to act. and i hope we all agree, there is a need to r
CSPAN
Jan 15, 2013 8:00pm EST
this. yes, it may run up the immediate deficit, but once again, for every dollar that we invest in those levees we not only save lives and property, but we put people to work and we get the economic engine going. further up in my district, again, along the sacramento and the rivers, i have a project that's 44 miles of levee that clearly will fail. it has failed four times in the last 60 years. lives have been lost. one of the most catastrophic failures of a levee happened in this stretch of river. we need to rebuild that. the federal government's role in these construction projects of these levees has gone back to the very beginning of this nation and it is congress' task to allocate the money to decide the projects that are going to be built. but unfortunately we tied ourselves in knots here with certain rules that have been put in by our republican colleagues that prevent us from taking the necessary action to protect our communities. we're not talking about, you know, willy nily unnecessary projects. we're talking about saving -- nilly unnecessary projects. we're talking abou
CSPAN
Jan 18, 2013 7:00am EST
they need to put inshunes on a gun like you do a car. host: so often we focus on the u.s. debt or deficit, we have exceeded now the dealt limit of $16.4 trillion. you can see in the upper left-hand side the debt clock. difficult choices on the debt if the u.s. think it's ceiling. the piece points out by mid february or early march the united states could face an unprecedented default unless it raises the debt ceiling. that was from tim geithner. further into the body of the "new york times" story i want to is share with you some of the numbers "the new york times" points out today. that could happen as early as february 15, if that happens by february 15 or early march, according to the by partisan policy center in analysis of what the government expects is $8 billion in revenue that day but it has $52 billion in spending that day, $6.8 billion in tax refunds, $3.5 in federal salaries, and $1.5 ode to military contractors and other commitments. consider again that day on february 15 f that is the day we reach the limit, the country would not have enough money to pay the bond holders let a
CSPAN
Jan 18, 2013 12:00pm EST
veer -- inadvertently did not disclose information, you are put at a credibility deficit with the public, and sometimes it is hard to dig out of that. it is very difficult for organizations, especially in a crisis response, to think about just releasing the information before it's asked for and remove that deficit. i've been involved in several situations where the information was available and the information was understandable and probably mitigated some of the concerns, but because of the way the companies in the government work, it was difficult to make that transparent and then catching up with that with the american public is really, really difficult. nancy and marcia, we had talked about this with jay a lot. one of the problems we have in mental anguishing impacts -- measuring the impacts of the spill in the gulf is the lack of the background of the presence of hydrocarbons as a baseline for understanding there had been a change. in the context of moving beyond the direct aims of the research that's going to be conducted with the bp money, what do you think the lar
CNBC
Jan 18, 2013 9:00am EST
to finance the government deficit, buying a lot of government bonds and at some point that is going to come apart and it might come apart, might come apart in a fashion that is rather like august of 2007 where things seem to be going smoothly and then all of a sudden it all falls apart and the question is do we have adequate contingency plans in place should that happen? >> right. >> i fear we do not. >> before we let you go, when these transcripts come out do they evoke any memories for you good or bad about these meetings? >> oh, well they evoke lots of memories. i haven't seen the transcripts of course. i look forward to reviewing it because that was my last full year in office. it was a wonderful experience to be there. i learned an awful lot. and certainly one of the things i reflect on is the various points that we missed that i missed and my colleagues missed. >> william poole, former st. louis fed president, thank you so much for your time. steve, thanks to you for sticking around. >> my pleasure. >> meantime morgan stanley trading sharply higher after reporting results this morning
MSNBC
Jan 20, 2013 5:00am PST
the deficit, let your member of congress know. if you believe we can solve this problem through compromise, send that message. america, after all, has always been a grand experiment in compromise. >> one thing i will not compromise over is whether or not congress should pay the tab for a bill they already racked up. if congress refuses to give the united states the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic. the last time they threatened this course of action our entire economy suffered for it. >> all right. the trajectory of the perspective of compromise. >> that's entertaining but i think a i have a little bit of minority opinion. some of it is a bit overstated. in you're preamble setting this up. to assume that when the president was delivering that speech in 2009, that he did not understand just how difficult the road ahead would be and just how much recess substance he would get from the other party. i think, understates the sophistication that this man has about politics and he knew what the moment was in 2009. i think that
FOX News
Jan 15, 2013 3:00am PST
the debt limit with deficit reduction. nothing could be further from the truth. in the past three decades the only thing that has worked in washington to get the spending under control is to tie debt spending to a limit. gramm-rudman. it is a tool that can and should be used. >>gretchen: he seems to think it has nothing to do with spending. what would be your counter to that? >> it has everything to do with spending. again, it's been the most effective tool to be used to try to get washington to finally begin to tighten its belt and do the right thing. if we don't, the country does become bankrupt. some would grew it already -- some would argue it already is, as we saw in that hbo -- hank paulson looked good. >>gretchen: he wasn't playing himself. unfortunately we're out of time, but this discussion could go on and on. >> the american people want us to deal with this issue, and this has been the time and place to do it. we ought to do it in the next few weeks. >>gretchen: senator, great to see you. more "fox & friends" more "fox & friends" straight ahead.t jack's cereal. [ jack ] what's f
Search Results 0 to 26 of about 27 (some duplicates have been removed)